Alexis Tsipras has conceded to all but minor aspects of Greece's creditors proposal in a letter, obtained by the Financial Times.
Greece has missed the deadline to pay €1.5bn to the International Monetary Fund, putting the country into arrears, while eurozone ministers refuse to extend its bailout.
The Greek PM Alexis Tsipras has made a dramatic bid for a financial lifeline.
Almost by accident I’ve become property rich, cash poor, and without producing anything of use to the economy.
How did the coalition government manage to transform the media debate on macroeconomics so comprehensively - and what will happen now they have?
Almost 700,000 people have a zero-hours contract for their main job, according to the Office for National Statistics. Ryan Ormonde shares his experience of an interview for a front-of-house role at a London theatre.
Inequality within the United Kingdom is growing - not just between people, but its constituent parts. The next government will have to do more to turn the tide.
Today's headlines hide the most important, and least reassuring, fact in yesterday’s Budget.
The Chancellor has vowed to cut £12bn from welfare - but he's announced just £3bn of savings.
The Chancellor has made a virtue of coalition government and of missing his deficit targets.
Shadow chancellor says the Conservatives have blundered by admitting day-to-day spending will be reduced to its lowest level for more than 50 years.
In an attempt to woo the public with his stand-up comedy – and despite the precarious national finances – George Osborne just wasted a lot on poor jokes.
If Scotland votes for independence, it will create a completely different economic context for the two new countries that emerge.
It's not difficult to see that London is facing a house price bubble. It's harder to say when it might pop.
We are heading into a so-called “living standards election” – without accurate data on living standards. Different sides will be able to tell whatever story they want.
Most people want to “give their money away to someone whom they can trust will use it wisely to generate a income when they retire”.
We need to take the idea of a universal basic income seriously.
Tripling fees to £9,000 was a clever exercise in smoke and mirrors accounting. Students and universities are paying the price.
While current storms will weigh upon February’s statistics, Q2 growth could now hit 4 per cent and US rates could move significantly higher along the curve.
The redevelopment of Battersea Power Station and the Nine Elms area in south London illustrates a much wider problem in the way cities are managed and planned – councils seem perfectly happy to see private interests direct the course of historically interesting places.
The Federal Open Market Committee is keen to hold fund rates in spite of falling unemployment. It's the first act of a newer, stricter committee.
Nobody doubted a return to growth under austerity was possible - but all the evidence suggests it has been hampered by George Osborne's radically anti-stimulus position.
If the political instability is not reined in soon enough, the currency will spiral out of control.
2013 was the year the world’s financial markets suddenly became interested in Japan again.
Ed Balls's 50p tax is nothing but theatrical politics - pay close attention to the Lifetime Allowance, the cap on pension funds, which has already been lowered and most likely will be again.
How long have real wages been dropping?
Rich people in other countries demand they be required to pay higher taxes more often than you might think. So why doesn't Britain have a Warren Buffett or a Bill Gates, willing to pay a little bit more tax for everybody's benefit?
Economist Jim O'Neil has grouped Mexico, India, Nigeria and Turkey together as the economies most likely to explode over the next decade. But there are lessons to be learned from the BRICs - a rising tide does not lift all boats.
Global inequality in numbers.